Gamma Communications plc (LON:GAMA – Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,597.23 ($20.86) and traded as high as GBX 1,654 ($21.60). Gamma Communications shares last traded at GBX 1,640 ($21.42), with a volume of 199,008 shares.
Wall Street Analyst Weigh In
GAMA has been the subject of a number of research analyst reports. Shore Capital restated a “buy” rating on shares of Gamma Communications in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gamma Communications from GBX 2,250 ($29.38) to GBX 2,300 ($30.03) and gave the company a “buy” rating in a research note on Monday, September 16th.
Read Our Latest Stock Analysis on GAMA
Gamma Communications Stock Performance
Gamma Communications Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were paid a GBX 6.50 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 0.43%. Gamma Communications’s dividend payout ratio (DPR) is currently 3,103.45%.
Insider Buying and Selling
In other news, insider Martin Hellawell bought 6,000 shares of Gamma Communications stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average price of GBX 1,648 ($21.52) per share, for a total transaction of £98,880 ($129,119.87). Corporate insiders own 3.38% of the company’s stock.
Gamma Communications Company Profile
Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.
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